Nasdaq futures indicated a mixed opening on Tuesday, following the quarterly results reported by several prominent companies. Chip stocks experienced an uptick, while shares of health insurers declined in response to a report indicating that the Trump administration is suggesting only a modest increase in Medicare Advantage payment rates. Futures for the Nasdaq 100 and S&P 500 increased by 0.7% and 0.3%, respectively, whereas futures for the Dow Jones Industrial Average experienced a decline of 0.3%. Yesterday, the blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq concluded the trading session on a positive note, with the Dow gaining over 300 points, setting the stage for a week filled with significant tech earnings reports and the Federal Reserve’s forthcoming decision regarding interest rates.
Shares of Dow component UnitedHealth Group sank 14% before the bell. It is reported that the Centers for Medicare and Medicaid Services proposed raising Medicare Advantage payment rates by just 0.09%, well below expectations. UnitedHealth provided a modest revenue forecast for fiscal 2026 alongside its fiscal fourth-quarter results, which largely aligned with expectations. Other health-insurer stocks experienced declines in premarket trading, with Humana falling by 15% and CVS Health decreasing by 11%, respectively. Nevertheless, chip stocks experienced an uptick prior to the market opening. Micron Technology shares were up nearly 5% after it broke ground on an advanced wafer fabrication facility in Singapore, where it plans to invest $24 billion amid strong demand for its memory chips. Shares of Intel and Taiwan Semiconductor Manufacturing Co. rose roughly 2% each, while Nvidia and Advanced Micro Devices advanced nearly 1%.
Shares of General Motors, United Parcel Service, and American Airlines experienced increases of over 4%, 3%, and 1%, respectively, following their earnings reports released early Tuesday. Boeing was also among the prominent companies scheduled to report results. Microsoft, Meta Platforms, and Tesla are slated to report results after the bell Wednesday—a day that will also see the Federal Reserve announce an interest-rate decision—while fellow Magnificent Seven firm Apple is set to do so after markets close Thursday. Equities of all four exhibited a modest uptick prior to the market opening.
Gold futures remained relatively stable at $5,085 an ounce, following their historic breach of the $5,000 mark yesterday. Silver futures declined approximately 2.5% to $112.45 an ounce following a peak of $117.70 on Monday. The yield on the 10-year Treasury, which influences interest rates across various consumer loans such as mortgages, increased to 4.22%. West Texas Intermediate crude futures, the U.S. benchmark, increased by 0.5% to $60.90 a barrel. Bitcoin was trading at approximately $87,700, showing minimal variation throughout the day. The U.S. dollar index, which monitors the value of the greenback relative to a selection of global currencies, declined slightly to 96.94.